Ithaca Energy Sees Increase in Pretax Profit for First Half of Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 20 2025
0mins
Source: NASDAQ.COM
Financial Performance: Ithaca Energy reported a profit before tax of $513.4 million for the first half of the year, a significant increase from $189.4 million in the previous year.
Loss Due to Tax Charge: The company experienced a loss of $217.5 million primarily due to a one-off, non-cash deferred tax charge of $327.6 million related to an extension of the EPL until March 2030.
Production Increase: Average production for the first half rose to 123.6 kboe/d, up from 53.0 kboe/d in the prior year, leading to an upgrade in production guidance for fiscal 2025.
Adjusted Net Income: Adjusted net income increased slightly to $128.7 million from $124.7 million year-over-year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
